Becoming the King of Bottom Fishing After Going All-In on A-Shares

The comment section under every news article is filled with arguments.

"Arrest him! How many people have been harmed by illegal fundraising?"

"He's different. He's helping his classmates make money; he's not lying."

"You didn't lie? Not having a license is illegal; it's not a question of whether you lied or not."

"If he makes money, is that illegal? Then wouldn't losing money on bank wealth management products be considered fraud?"

"Stop arguing, the key issue is whether the money can be returned."

Yang Cheng, who was quietly sitting in the corner, said in a very soft voice, "Someone is pushing."

All three of them looked at her at the same time.

Yang Cheng pointed to the computer screen: "The posts on Tieba, the reposts in financial media, and those comments stirring up trouble all happened tonight. It didn't happen naturally; someone is pushing it from behind."

Xia Yaozong frowned slightly: "Zhao Xianglong?"

Yang Cheng shook his head: "Zhao Xianglong doesn't have that kind of power, but he might be the one who wrote the whistleblower letter. That's the trigger."

The whistleblower letter was sent to the China Securities Regulatory Commission (CSRC), the news spread, the media followed up, and public opinion fermented—this was a chain reaction.

In the current stock market downturn, all institutions and individual investors are losing money. So how can a junior college student make a fortune?

A tree that stands out in the forest will be felled by the wind; a mound that rises above the bank will be eroded by the current; a person who excels above others will be criticized by the masses. The sunken ship is like that tree, that mound of earth, and that person.

Zhang Yixing asked, "So what do we do now?"

Yang Cheng fell silent. This situation was not easy to handle.

Everyone looked at Lu Chenzhou.

After pondering for a moment, Lu Chenzhou said, "We don't need to pay attention to public opinion."

Zhang Yixing panicked: "Don't we need to do anything? Chen Zhou, they're saying you're illegally raising funds, which is a criminal offense. Can we just ignore it?"

Lu Chenzhou said calmly, "There's nothing we can do about it. Public opinion has already taken hold. The more you explain, the more they'll get worked up. The most important thing now is to resolve the compliance issue."

The core issue with illegal fundraising is the lack of a license.

Once the Hong Kong company is registered and the license is obtained, and wealth management becomes a legal asset management service, these voices will naturally disappear.

Just as he finished speaking, Lu Chenzhou's phone rang.

The screen displayed an unfamiliar number.

He answered the phone, and a middle-aged man's voice came from the other end.

"Is this Lu Chenzhou? This is Wang Jianguo from the college office."

Come to the college tomorrow morning, at nine o'clock, to my office.

"OK."

The phone hangs up.

Zhang Yixing looked at him: "Director Wang? What do you want?"

You'll find out when you get there.

October 11, Saturday, 9:00 AM.

The office of the director of the School of Finance and Economics.

When Lu Chenzhou arrived, Zhou Xingbang was already waiting in the corridor, his expression complex.

Zhou Xingbang lowered his voice: "Director Wang is speaking to you on behalf of the school. He's not alone; Director Li from the Student Affairs Office is also there. Keep that in mind."

Lu Chenzhou nodded.

Zhou Xingbang hesitated for a moment: "Also, there are those news reports online. The school is under a lot of pressure, and the leaders of the China Securities Regulatory Commission have also inquired about it."

"I see."

Zhou Xingbang looked at him, sighed, and pushed open the office door.

There were three people sitting in the office.

Wang Jianguo sat in the middle; he was in his fifties and had gray hair.

To his left was a woman in her early forties, with a stack of documents spread out in front of her.

To the right is a young man holding a laptop.

"Sit down," Wang Jianguo said, pointing to the chair opposite him.

Lu Chenzhou sat down.

Wang Jianguo skipped the pleasantries and got straight to the point: "I called you here today to get some information. You should have seen the online comments."

"I saw it."

Wang Jianguo opened the documents in front of him: "Alright, I'll ask you a few questions."

First, have you ever publicly raised funds on campus for stock investment?

"Yes."

Who are the target beneficiaries?

"Students from Renmin University."

"Did you promise any returns to investors?"

"No, the contract states that the risk is borne by the individual."

Wang Jianguo was silent for a few seconds, then closed the file.

"Lu Chenzhou, I'm not here to punish you today."

However, your case has already been classified online as illegal fundraising.

The China Securities Regulatory Commission (CSRC) has also inquired about the situation; the school needs to provide an explanation to the public.

He paused, then his voice deepened: "So, I'm giving you a deadline."

Within one week, you must return all the funds raised to their original source and terminate the asset management business.

Otherwise, the school can only handle the matter according to regulations.

Lu Chenzhou looked at him: "What rule?"

Wang Jianguo's expression remained unchanged: "In serious cases, disciplinary action can be taken, or even expulsion from school."

The room was silent for a few seconds.

Wang Xiangyang nodded: "I understand."

Wang Jianguo softened his tone: "You have a week to think it over carefully."

When Lu Chenzhou walked out of the office building, Zhou Xingbang was waiting for him outside.

"How is it?"

"One week to refund the funds and terminate the business; otherwise, the school will take action."

Zhou Xingbang was silent for a moment: "So what do you plan to do?"

Lu Chenzhou looked at the gray sky in the distance: "I will not back down."

"What?"

Lu Chenzhou's tone was calm: "I will not withdraw. The funds have already been invested in the market. Closing the position now would be like taking a loss. I cannot joke around with investors' money."

Zhou Xingbang panicked: "But the school..."

Lu Chenzhou interrupted him: "The school gave me a week. I will resolve the compliance issues within a week."

Zhou Xingbang was taken aback: "How do we solve this?"

Lu Chenzhou looked at him and said, "Go to Hong Kong, buy a shell company, get a license, and turn your client wealth management into a legal asset management business."

"A week? How is that possible?"

Lu Chenzhou didn't explain; he turned and walked towards the science park.

10:00 AM. Room 608, Renmin University Cultural and Technological Park.

When Lu Chenzhou pushed the door open and came in, Zhang Yixing, Xia Yaozong, and Wen Zhiyu were all there.

Yang Cheng didn't come; he had family matters to attend to and went home for the weekend.

All three of them were looking at him.

"How is it?" Zhang Yixing asked.

"One week to refund the funds and terminate the business; otherwise, the school will take action."

Xia Yaozong cursed.

Wen Zhiyu didn't speak, but she looked at Lu Chenzhou with a worried expression.

Lu Chenzhou walked to his seat, sat down, and turned on his computer.

"Yaozong, contact that agent we talked about last time and ask if they have any ready-made shell companies with Hong Kong license plate number 9, and whether the transfer can be completed within a week."

Xia Yaozong was taken aback: "A week? Are you serious?"

"Seriously."

Xia Yaozong took out his phone and started scrolling through his contacts.

Zhang Yixing leaned over and said, "Shen Zhou, buying a shell company, transferring ownership, and getting the license in a week is impossible. The normal process takes at least three months."

Lu Chenzhou replied, "So we don't go through the normal process, we go for those who need to sell urgently."

The financial crisis has forced many small asset management companies to close down and they are eager to sell.

A higher price is fine, as long as it's fast.

Xia Yaozong dialed the phone and went into the corridor to talk.